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greece and spain. liz: jeff looks like he's about to damage you. go ahead, jeff. >> are well, you know, they're going to make a deal in washington. i lived inside the beltway, have a pretty good network inside the beltway. cantor is worried -- excuse me, not cantor, boehner is worried about not being reelected as speaker of the house. they can't vote on that until january 4th with the new congress on that. cantor wants that job. so i think boehner's going to press for a deal, i think he's going to go ahead and allow president obama to raise taxes to 39.6%, and i think that'll take the edge off the fiscal cliff. david: let's take this discussion out of the beltway and into the real world. the economy, and, jeff, i want to start with you because you're bullish, but if you're so bullish, hy are you downgrading housing right now? >> because our housing team made a really good call on the housing stocks, and they outran their valuations on a short to intermediate-term basis. they downgraded them about two months ago. liz: okay, so where's the money? sho
greece and spain. liz: jeff looks like he's about to damage you. go ahead, jeff. >> are well, you know, they're going to make a deal in washington. i lived inside the beltway, have a pretty good network inside the beltway. cantor is worried -- excuse me, not cantor, boehner is worried about not being reelected as speaker of the house. they can't vote on that until january 4th with the new congress on that. cantor wants that job. so i think boehner's going to press for a deal, i think he's...
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CNBC
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spain will have 4% stake. which means european government will no longer have their say in running the company. apart from strategy differences, they will no longer be able to name board members and they won't have veto rights anymore on commercial decisions. but the new government rules won't take effect up mid 2013 at the earliest because the shareholders will immediate to vote on that new governance and share holding structure. for the french government, it currently has 15% stake, so basically it will put a part of his stake in a trust fund and will have to give up the voting rights. held have to buy 12% from daimler. and they've decided to sell 7.5%. 61 million shares. it's been announced just a few minutes ago. >> has anybody spoken to angela merkel to see whether she's happy with this? >> apparently both governments say they're happy with this decision. but -- >> after the last time when they didn't bother to check with the german chancellor and assured us that it was all fine. i just wonder if that's d
spain will have 4% stake. which means european government will no longer have their say in running the company. apart from strategy differences, they will no longer be able to name board members and they won't have veto rights anymore on commercial decisions. but the new government rules won't take effect up mid 2013 at the earliest because the shareholders will immediate to vote on that new governance and share holding structure. for the french government, it currently has 15% stake, so...
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Dec 6, 2012
12/12
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WETA
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countries like portugal and spain, which are treating it as a health issue rather than a criminal issue are getting on top of the problem. >> are you advocating the legalization of drugs? >> globally, we have tried different approaches. the legalization of canvas or the regulation of canada's, would like to see -- seecannabis or the regulationcannabis, would like to see country try that. we would like to see the regulation. correct here in the united states today, possessing small amounts of marijuana becomes legal in washington state. do you expect federal law to change? >> we will see. this is a lot like what happened with the repeal of all in the late -- the repeal of alcohol. state's first did it and then eventually the national government followed suit. washington and colorado became the first two states, not just the first two states, but the first two political jurisdictions anywhere in the world to do this. i think eventually feller what -- federal law will follow. >> and don't you worry that legalizing drugs would just lead to more people using drugs and even more crime? >> thi
countries like portugal and spain, which are treating it as a health issue rather than a criminal issue are getting on top of the problem. >> are you advocating the legalization of drugs? >> globally, we have tried different approaches. the legalization of canvas or the regulation of canada's, would like to see -- seecannabis or the regulationcannabis, would like to see country try that. we would like to see the regulation. correct here in the united states today, possessing small...
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Dec 6, 2012
12/12
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WMPT
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countries like portugal and spain, which are treating it as a health issue rather than a criminal issue are getting on top of the problem. >> are you advocating the legalization of drugs? >> globally, we have tried different approaches. the legalization of canvas or the regulation of canada's, would like to see -- seecannabis or the regulationcannabis, would like to see country try that. we would like to see the regulation. correct here in the united states today, possessing small amounts of marijuana becomes legal in washington state. do you expect federal law to change? >> we will see. this is a lot like what happened with the repeal of all in the late -- the repeal of alcohol. state's first did it and then eventually the national government followed suit. washington and colorado became the first two states, not just the first two states, but the first two political jurisdictions anywhere in the world to do this. i think eventually feller what -- federal law will follow. >> and don't you worry that legalizing drugs would just lead to more people using drugs and even more crime? >> thi
countries like portugal and spain, which are treating it as a health issue rather than a criminal issue are getting on top of the problem. >> are you advocating the legalization of drugs? >> globally, we have tried different approaches. the legalization of canvas or the regulation of canada's, would like to see -- seecannabis or the regulationcannabis, would like to see country try that. we would like to see the regulation. correct here in the united states today, possessing small...
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Dec 6, 2012
12/12
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CNBC
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spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan. >> i could listen to you guys talk all day long. that was a great conversation. yra, rick, thanks so much. see you in a bit. >>> zynga stock popping. julia boorstin is live in l.a. with more. >> good morning to you, carl. this is the first of many steps before zynga can make money from online gambling. applying for a real money gaming license in nevada is a sign of zynga's seriousness creating new revenue streams. it sent it up as much as 9% higher today. the company warns it will take as much as a year and a half to get approval in nevada but the biggest step of all is a change in federal law, and if online gambling does become legal nationwide, zynga is sure to face some big competition from the casinos. zynga is struggling to sell virtual goods, hoping to cash in on games like texas hold 'em poker, that app and game has 34 m
spain is the immediate problem, you have 26% unemployment which is non-performing loans. >> we have to go, 2,200 pages of health care, i'm sure the notes spain's taken how greece has got money at every turn, their pile is a bigger pile than the health care plan. >> i could listen to you guys talk all day long. that was a great conversation. yra, rick, thanks so much. see you in a bit. >>> zynga stock popping. julia boorstin is live in l.a. with more. >> good morning...
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announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global onomy. is just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with cfidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> i'm robert gray with your fox business brief. t-mobile is finally getting a bite out of apple, adding the tech giant's products to it next year. deutsche telekom didn't mention specific products. ipad and iphone are only products offered. >>> hasbro is latest company moving up payment of its quarterly dividend to avoid higher taxes for shareholders. the dividend payment of 36 cents a share will be sent to shareholders this month instead of next year. >>> general motors is planning to hike prices in india by as much as 3% in the new year. the automaker says the increase is response to escalating input
announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global onomy. is just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with cfidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before...
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Dec 6, 2012
12/12
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MSNBC
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we look at spain and portugal and ireland even, get your act together. you know the problem. shake out of it. what's the world thinking when they look at us? setting up the fiscal cliff, a man-made challenge, what do they think of us? >> actually, they look at us and think we're going to work it out. >> to put it differently, they can't believe we will screw up. >> they're kind of thinking about the debt ceiling debate. they're not following this like we are. and they remember the last time we were in a situation. >> last time we got downgraded. >> it didn't seem to have much economic impact. people are just looking at us figure, oh, you know those crazy americans, they'll work it out at the last minute. >> what will they say if they get up january 2nd or 3rd after the new year and see we didn't work it out. >> it's my hope, towards later december, we'll actually have -- i want to convince people on the right, i think it's the president's job to convince the slower learners on the republican side that this is serious business. and we have a deal now, as if you know what's goi
we look at spain and portugal and ireland even, get your act together. you know the problem. shake out of it. what's the world thinking when they look at us? setting up the fiscal cliff, a man-made challenge, what do they think of us? >> actually, they look at us and think we're going to work it out. >> to put it differently, they can't believe we will screw up. >> they're kind of thinking about the debt ceiling debate. they're not following this like we are. and they remember...
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Dec 6, 2012
12/12
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FOXNEWSW
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in spain, the old rule was 3 1/2 years. so nobody is going to hire somebody 'cause if you don't like them, you got to pay them for more than 3 years. >> steve: it wasn't progressive. so if you had just been an employee for a certain number of years or something like that, you get an automatic 3 1/2 year severance? >> no, it doesn't take effect unless you've worked there for a year. so lots of people -- >> steve: wait a minute. you work there one year? >> that's right. now they've shortened. they'll only have to pay $200,000. no wonder spain has a 25% unemployment rate and they're rioting. >> steve: what about what the government is trying to do with the disabled? >> again, well intended. all kinds of surprise unintended consequences. in europe again, italy is poor. you have 15 employees, fine. you have a 16th employee, must be disabled. have 51 flows, 7% must be disabled. it just cripples the flexible of the work force. well intended, but that's why they have riots there. >> steve: listen, europe is great because they have
in spain, the old rule was 3 1/2 years. so nobody is going to hire somebody 'cause if you don't like them, you got to pay them for more than 3 years. >> steve: it wasn't progressive. so if you had just been an employee for a certain number of years or something like that, you get an automatic 3 1/2 year severance? >> no, it doesn't take effect unless you've worked there for a year. so lots of people -- >> steve: wait a minute. you work there one year? >> that's right....
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this is evodia from spain. $9.99 a bottle, a big, robust full-flavored red wine. one of the secret tricks of the wine business, if you look on the back of the bottle it says eric solomon selections. one thing is there are importers who act as curators. they only bring in things they love. importers are always on the back of the bottle. without knowing the wine, you know it's going to be a good wine. that is a little insider. >> you didn't love that? >> no, i did. if you're not an expert, there is a $9.99, how do you know it's that one and not sort of a cheap wine? >> partly by tasting a lot. go to a good store. first advice is find a store where people pay attention to you, listen to what you say, listen to what you like. they are not going to try to sell you something that's bad because they want your business to come back. trust those guys. it's good. >> pascual toso, argentine malbec. that is $10.99 a bottle. holiday buying. you know you're going to pour wine for a lot of people. buy by the case. most stores give you 10% -- you need to buy lots and lots of wine
this is evodia from spain. $9.99 a bottle, a big, robust full-flavored red wine. one of the secret tricks of the wine business, if you look on the back of the bottle it says eric solomon selections. one thing is there are importers who act as curators. they only bring in things they love. importers are always on the back of the bottle. without knowing the wine, you know it's going to be a good wine. that is a little insider. >> you didn't love that? >> no, i did. if you're not an...